The latest data show that Russia’s economy grew strongly in December and that consumer price inflation rose to 8.7% y/y in January. The inflation reading was weaker than expected, but inflation looks set to fall only slowly from here and we think this argues in favour of a 100bp rate hike, to 9.50%, on Friday.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.